PetroHunter Energy Corp Sample Contracts

PetroHunter Energy Corp – ESCROW AGREEMENT AMONG FALCON OIL & GAS LTD., SWEETPEA PETROLEUM PTY LTD AND COMPUTERSHARE TRUST COMPANY OF CANADA DATED JULY 17, 2013 (July 18th, 2013)

WHEREAS, pursuant to the terms of a Share Sale Agreement (the "Share Sale Agreement") a copy of which is attached hereto as Schedule “A”, dated on or about May 22, 2013 between the Buyer and the Seller whereby the Buyer is purchasing the Seller’s interest in Falcon Oil & Gas Australia Limited the Buyer and the Seller have agreed that the 97,860,000 common shares in the capital of the Buyer (the "Escrowed Shares") being issued to the Seller would be placed with the Escrow Agent for release on the terms set out herein;

PetroHunter Energy Corp – SHARE SALE AGREEMENT BETWEEN SWEETPEA PETROLEUM PTY LTD AND FALCON OIL & GAS LTD DATED MAY 23, 2013 (May 30th, 2013)

Falcon Oil & Gas Ltd, a company incorporated in British Columbia, Canada on 18 January 1980 under the laws of the Province of British Columbia

PetroHunter Energy Corp – AMENDMENT TO CREDIT AND SECURITY AGREEMENTS AND PROMISSORY NOTE BETWEEN PETROHUNTER ENERGY CORPORATION AND GLOBAL PROJECT FINANCE AG DATED MARCH 5, 2010 (December 23rd, 2010)

THIS AMENDMENT (this “Amendment”) is made as of March 5, 2010, between PetroHunter Energy Corporation, a Maryland corporation (the “Company”), and Global Project Finance AG (the “Lender”).

PetroHunter Energy Corp – FORM OF WAIVER AND AMENDMENT AGREEMENT BETWEEN PETROHUNTER ENERGY CORPORATION AND HOLDERS OF CONVERTIBLE DEBENTURES (December 23rd, 2010)

THIS WAIVER AND AMENDMENT AGREEMENT (this “Agreement”) is made as of April __, 2010, among PetroHunter Energy Corporation, a Maryland corporation (“PetroHunter” or the “Company”), and the several purchasers signatory hereto (each such purchaser, a “Purchaser” and, collectively, the “Purchasers”).

PetroHunter Energy Corp – SECURED PROMISSORY NOTE TO PAUL D. MANISCALCO DATED JUNE 3, 2010 (June 7th, 2010)

FOR VALUE RECEIVED, PetroHunter Energy Corporation (the “Maker”), hereby promises to pay to the order of Paul D. Maniscalco or his assigns (the “Holder”), in lawful money of the United States at the address of Holder set forth below, the principal amount of Twenty-Five Thousand Dollars (US $25,000.00), together with interest (as hereinafter defined).

PetroHunter Energy Corp – SECURED PROMISSORY NOTE TO WEALTH PRESERVATION DEFINED BENEFIT PLAN DATED JUNE 2, 2010 (June 7th, 2010)

FOR VALUE RECEIVED, PetroHunter Energy Corporation (the “Maker”), hereby promises to pay to the order of Wealth Preservation Defined Benefit Plan or its assigns (the “Holder”), in lawful money of the United States at the address of Holder set forth below, the principal amount of One Hundred Thousand Dollars (US $100,000.00), together with interest (as hereinafter defined).

PetroHunter Energy Corp – SECURED PROMISSORY NOTE TO MATTHEW R. SILVERMAN DATED JUNE 3, 2010 (June 7th, 2010)

FOR VALUE RECEIVED, PetroHunter Energy Corporation (the “Maker”), hereby promises to pay to the order of Matthew R. Silverman or his assigns (the “Holder”), in lawful money of the United States at the address of Holder set forth below, the principal amount of Twenty-Five Thousand Dollars (US $25,000.00), together with interest (as hereinafter defined).

PetroHunter Energy Corp – AMENDMENT TO CREDIT AND SECURITY AGREEMENT AND PROMISSORY NOTE DATED MARCH 5, 2010 (March 10th, 2010)

THIS AMENDMENT (this “Amendment”) is made as of March 5, 2010, between PetroHunter Energy Corporation, a Maryland corporation (the “Company”), and Global Project Finance AG (the “Lender”).

PetroHunter Energy Corp – FORM OF WAIVER AND AMENDMENT AGREEMENT DATED MARCH 8, 2010 (March 10th, 2010)

THIS WAIVER AND AMENDMENT AGREEMENT (this “Agreement”) is made as of March 8, 2010, among PetroHunter Energy Corporation, a Maryland corporation (“PetroHunter” or the “Company”), and the several purchasers signatory hereto (each such purchaser, a “Purchaser” and, collectively, the “Purchasers”).

PetroHunter Energy Corp – NEWS RELEASE DATED JUNE 17, 2009 (June 17th, 2009)

Denver, Colo. – June 17, 2009 – PetroHunter Energy Corporation (OTC BB: PHUN) today announced it closed the transaction to sell and assign an undivided 25% working interest in PetroHunter’s four exploration permits covering seven million acres in the Beetaloo Basin of the Northern Territory, Australia, to Falcon Oil & Gas Ltd., a non-arm’s length party.  As PetroHunter had sold a 50% working interest in this prospect to Falcon in September 2008, this increases Falcon’s working interest to 75%.  With the sale of the additional interest, Falcon’s Australian subsidiary will now be the operator of the Beetaloo Basin project.

PetroHunter Energy Corp – PURCHASE AND SALE AGREEMENT BETWEEN PETROHUNTER ENERGY CORPORTION, PETROHUNTER OPERATING COMPANY AND SWEETPEA PETROLEUM PTY LTD. AND FALCON OIL & GAS LTD., FALCON OIL & GAS USA, INC. AND FALCON OIL & GAS AUSTRALIA PTY LTD. DATED MAY 26, 2009 (May 27th, 2009)

THIS SECOND PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into May 26, 2009, by and between PetroHunter Energy Corporation (“PetroHunter Energy”), Sweetpea Petroleum Pty Ltd (“Sweetpea”), PetroHunter Operating Company (“PetroHunter Operating”), Falcon Oil & Gas Ltd. (“Falcon”), Falcon Oil & Gas USA, Inc. (“Falcon USA”) and Falcon Oil & Gas Australia Pty Ltd (“Purchaser”). PetroHunter Energy, PetroHunter Operating, Sweetpea, Falcon, Falcon USA and Purchaser may sometimes be referred to herein individually as a “Party” and collectively as the “Parties”.

PetroHunter Energy Corp – NEWS RELEASE DATED MAY 27, 2009 (May 27th, 2009)

Denver, Colo. – May 27, 2009 – PetroHunter Energy Corporation (OTC BB: PHUN) announced that it has entered into a binding agreement with Falcon Oil & Gas Ltd. (“Falcon”), a non-arm’s length party, under which PetroHunter will sell and assign to Falcon an undivided 25% working interest in PetroHunter’s four exploration permits covering seven million acres in the Beetaloo Basin of the Northern Territory, Australia.  As PetroHunter had sold a 50% working interest in this prospect to Falcon in September 2008, this will increase Falcon’s working interest to 75%.  Falcon’s Australian subsidiary will become the operator of the Beetaloo Basin project.

PetroHunter Energy Corp – JAMES C. STEINHAUSER EMPLOYMENT AGREEMENT (January 28th, 2009)

THIS EMPLOYMENT AGREEMENT (this “Agreement”), is made and entered into this 26th day of January, 2009, but effective  January 13, 2009 (the “Effective Date”), by and between PetroHunter Operating Company, a Maryland corporation (the “Employer”), and James C. Steinhauser, an individual  (the “Employee”).

PetroHunter Energy Corp – NEWS RELEASE DATED JANUARY 7, 2009 (January 7th, 2009)

Denver, Colo. – January 7, 2009 – PetroHunter Energy Corporation (OTC BB: PHUN) today announced it closed the sale of its 50% working interest in eight producing oil and gas wells to Robert L. Bayless, Producer LLC (“Bayless”), for $2.3 million, effective December 1, 2008. The eight wells are located in Garfield County, Colorado, and are operated by EnCana Oil & Gas (USA), Inc. PetroHunter stated that the sale of these non-operated properties is consistent with the Company’s plan of disposing of non-strategic assets and will provide additional funds for the Company’s ongoing operations.

PetroHunter Energy Corp – PURCHASE AND SALE AGREEMENT BETWEEN PETROHUNTER ENERGY CORPORATION AND SWEETPEA PETROLEUM PTY LTD. AND FALCON OIL & GAS LTD. AND FALCON OIL & GAS AUSTRALIA PTY LTD. DATED AUGUST 22, 2008 (November 20th, 2008)

THIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into August 22, 2008, by and between PetroHunter Energy Corporation (“PetroHunter Energy”), Sweetpea Petroleum Pty Ltd (“Sweetpea”), Falcon Oil & Gas Ltd. (“Falcon”), and Falcon Oil & Gas Australia Pty Ltd (“Purchaser”).  PetroHunter Energy, Sweetpea, Falcon and Purchaser may sometimes be referred to herein individually as a “Party” and collectively as the “Parties.”  This Agreement is based on the following premises:

PetroHunter Energy Corp – PURCHASE AND SALE AGREEMENT BETWEEN PETROHUNTER ENERGY CORPORATION AND PETROHUNTER OPERATING COMPANY AND FALCON OIL & GAS LTD. AND FALCON OIL & GAS USA, INC. DATED AUGUST 22, 2008 (November 20th, 2008)

THIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into this 22nd day of August, 2008, by and between PetroHunter Energy Corporation (“PetroHunter Energy”), PetroHunter Operating Company (“Seller”), Falcon Oil & Gas Ltd. (“Falcon”) and Falcon Oil & Gas USA, Inc. (“Purchaser”). PetroHunter Energy, Seller, Falcon and Purchaser may sometimes be referred to herein individually as a “Party” and collectively as the “Parties”.  This Agreement is based on the following premises:

PetroHunter Energy Corp – NEWS RELEASE DATED NOVEMBER 10, 2008 (November 10th, 2008)

Denver, Colo. – November 10, 2008 – PetroHunter Energy Corporation (OTC BB: PHUN) today announced the closing of the transaction in which PetroHunter sold an undivided 25% working interest in five wells, including the 40-acre tract surrounding each well, to Falcon Oil & Gas Ltd. The wells are located in PetroHunter’s Buckskin Mesa project in the Piceance Basin in Rio Blanco County, Colorado. The five wells were drilled by PetroHunter but have not been completed.

PetroHunter Energy Corp – NEWS RELEASE DATED OCTOBER 2, 2008 (October 2nd, 2008)

Denver, Colo. – October 2, 2008 – PetroHunter Energy Corporation (OTC BB: PHUN) today announced that its largest creditor, Global Project Finance AG, accepted restricted shares of PetroHunter common stock valued at $0.20 per share as payment of $6,520,015 in accrued interest. Global Project Finance has advanced $39.8 million since it provided PetroHunter with a credit facility in January 2007.

PetroHunter Energy Corp – LOAN AGREEMENT WITH FALCON OIL & GAS LTD. DATED OCTOBER 1, 2008 (October 2nd, 2008)

THIS LOAN AGREEMENT is made this 1st day of October, 2008, by and between PETROHUNTER ENERGY CORPORATION, a Maryland corporation (“Borrower”), and FALCON OIL & GAS LTD., a British Columbia corporation (“Lender”).

PetroHunter Energy Corp – NEWS RELEASE DATED OCTOBER 2, 2008 (October 2nd, 2008)

Denver, Colo. – October 2, 2008 – PetroHunter Energy Corporation (OTC BB: PHUN) today announced it closed the transaction to sell and assign an undivided 50% working interest in four Exploration Permits comprising approximately seven million acres in the Beetaloo Basin in the Northern Territory, Australia. As consideration for acquiring a 50% working interest in the Beetaloo Basin project, Falcon Oil & Gas Ltd. issued PetroHunter securities convertible into common shares of Falcon stock having an agreed upon value of US$20 million (subject to adjustment), in addition to the US$5 million in cash paid by Falcon to PetroHunter on August 25, 2008. PetroHunter retains an undivided 50% working interest and will remain operator of the Beetaloo Basin project.

PetroHunter Energy Corp – NEWS RELEASE DATED AUGUST 25, 2008 (August 25th, 2008)

Denver, Colo. – August 25, 2008 – PetroHunter Energy Corporation (OTC BB: PHUN) announced that it has entered into binding agreements (collectively, the “Agreement”) with Falcon Oil & Gas Ltd. under which PetroHunter will sell and assign to Falcon an undivided 25% working interest in PetroHunter’s five Buckskin Mesa wells (and the applicable spacing units) in Rio Blanco County, Colorado (the “Five Wells”), which have been drilled but not completed, and an undivided 50% working interest in a seven million-acre prospect in the Beetaloo Basin of the Northern Territory, Australia.

PetroHunter Energy Corp – PROMISSORY NOTE DATED AUGUST 12, 2008 (August 18th, 2008)

FOR VALUE RECEIVED, PetroHunter Energy Corporation (the “Maker”), hereby promises to pay to the order of the Bruner Family Trust or its assigns (the “Holder”), in lawful money of the United States at the address of Holder set forth below, the principal amount of One Hundred Thousand Dollars (US $100,000.00), together with interest (as hereinafter defined).

PetroHunter Energy Corp – PURCHASE AND SALE AGREEMENT (June 5th, 2008)
PetroHunter Energy Corp – NEWS RELEASE DATED MAY 30, 2008 (June 5th, 2008)

Denver, Colo. – May 30, 2008 – PetroHunter Energy Corporation (OTC BB: PHUN) (“PetroHunter”) announced that on May 30, 2008, it closed on the sale of its oil and gas leases and working interest in its “Southern Piceance” properties in Garfield County, Colorado.   As previously announced, the buyer was Laramie Energy II, LLC.  The purchase price was $21 million (before minor adjustments under the Purchase and Sale Agreement).

PetroHunter Energy Corp – AMENDMENT TO PURCHASE AND SALE AGREEMENT (June 5th, 2008)

This Amendment to Purchase and Sale Agreement (the “Amendment”) dated May 23, 2008, is by and between PetroHunter Energy Corporation, a Maryland corporation, and PetroHunter Operating Company, a Maryland corporation, (together, “Seller”), with an address of 1600 Stout Street, Suite 2000, Denver, Colorado and Laramie Energy II, LLC, a Delaware limited liability company (“Buyer”), with an address of 1512 Larimer Street, Suite 1000, Denver, Colorado 80202.  Seller and Buyer are sometimes referred to as a “Party” or, collectively, as the “Parties.”

PetroHunter Energy Corp – PROMISSORY NOTE DATED MARCH 18, 2008 (March 24th, 2008)

FOR VALUE RECEIVED, PetroHunter Energy Corporation (the “Maker”), hereby promises to pay to the order of the Bruner Family Trust or its assigns (the “Holder”), in lawful money of the United States at the address of Holder set forth below, the principal amount of One Hundred Thousand Dollars (US $100,000.00), together with interest (as hereinafter defined).

PetroHunter Energy Corp – PROMISSORY NOTE DATED MARCH 14, 2008 (March 17th, 2008)

FOR VALUE RECEIVED, PetroHunter Energy Corporation (the “Maker”), hereby promises to pay to the order of the Bruner Family Trust or its assigns (the “Holder”), in lawful money of the United States at the address of Holder set forth below, the principal amount of One Hundred Thousand Dollars (US $100,000.00), together with interest (as hereinafter defined).

PetroHunter Energy Corp – PROMISSORY NOTE DATED FEBRUARY 12, 2008 (February 19th, 2008)

FOR VALUE RECEIVED, PetroHunter Energy Corporation (the “Maker”), hereby promises to pay to the order of the Bruner Family Trust or its assigns (the “Holder”), in lawful money of the United States at the address of Holder set forth below, the principal amount of One Hundred Twenty Thousand Dollars (US $120,000.00), together with interest (as hereinafter defined).

PetroHunter Energy Corp – THIRD AMENDMENT TO ACQUISITION AND CONSULTING AGREEMENT (January 15th, 2008)

THIS THIRD AMENDMENT (“Third Amendment”) is made this 31st day of December, 2007, by and between MAB Resources LLC (“MAB”) and PetroHunter Energy Corporation (“PetroHunter”), and is an amendment to that certain Acquisition and Consulting Agreement between MAB and PetroHunter, dated effective January 1, 2007, as amended by the First Amendment, dated October 29, 2007, and the Second Amendment dated November 15, 2007 (collectively, the “Original Agreement”). The Parties agree as follows:

PetroHunter Energy Corp – EMPLOYMENT AGREEMENT (January 10th, 2008)

THIS EMPLOYMENT AGREEMENT (this “Agreement”), is made and entered into this 4th day of January, 2008, but effective  January 1, 2008 (the “Effective Date”), by and between PetroHunter Operating Company, a Maryland corporation (the “Employer”), and Charles B. Crowell, an individual  (the “Employee”).

PetroHunter Energy Corp – PRESS RELEASE DATED NOVEMBER 16, 2007 (November 16th, 2007)

Denver, Colo. – November 16, 2007 – PetroHunter Energy Corporation (OTC BB: PHUN) (“PetroHunter” or the "Company") announced that, effective November 1, 2007, it has reached agreement with MAB Resources LLC ("MAB"), to amend and reduce the outstanding principal balance owed to MAB under the Promissory Note, dated January 1, 2007 (the "Note") from $13.5 million to approximately $2.5 million.

PetroHunter Energy Corp – SECOND AMENDMENT TO ACQUISITION AND CONSULTING AGREEMENT BETWEEN MAB RESOURCES LLC AND PETROHUNTER ENERGY CORPORATION DATED NOVEMBER 15, 2007 (November 16th, 2007)

THIS SECOND AMENDMENT (“Second Amendment”) is made this 15th day of November, 2007, by and between MAB Resources LLC (“MAB”) and PetroHunter Energy Corporation (“PetroHunter”), and is an amendment to that certain Acquisition and Consulting Agreement between MAB and PetroHunter, dated effective January 1, 2007, as amended by the First Amendment, dated October 29, 2007 (collectively, the “Original Agreement”).

PetroHunter Energy Corp – COLLATERAL PLEDGE AND SECURITY AGREEMENT (November 15th, 2007)

This Collateral Pledge and Security Agreement (as supplemented from time to time, this “Pledge Agreement”) is made and entered into as of November __, 2007 between PETROHUNTER ENERGY CORPORATION, a Maryland corporation (the “Pledgor”), having its principal offices at Suite 1400, 1875 Lawrence Street, Denver, CO 80202, and BRUCE E. LAZIER as collateral agent for the holders (the “Holders”) of the Debentures (as defined herein) issued by the Pledgor (the “Collateral Agent”).

PetroHunter Energy Corp – FORM OF WARRANT (November 15th, 2007)

THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the 5 year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from PetroHunter Energy Corporation, a Maryland corporation (the “Company”), up to ______ shares (the “Warrant Shares”) of common stock, par value $0.001 per share, of the Company (the “Common Stock”).  The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

PetroHunter Energy Corp – FORM OF DEBENTURE (November 15th, 2007)

THIS SERIES A 8.5% CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued Series A 8.5% Convertible Debentures of PetroHunter Energy Corporation, a Maryland corporation (the “Company”), having its principal place of business at ­­­­­­­­­­­­­­­–1875 Lawrence Street, Suite 1400, Denver, Colorado 80202, designated as its Series A 8.5% Convertible Debenture due November __, 2012 (this debenture, the “Debenture” and, collectively with the other such series of debentures, the “Debentures”).